(By Balaseshn) Lockheed Martin Corp. (NYSE:LMT), a global security and aerospace company, said it has submitted its final proposal for air and missile defense radar to the U.S. Navy.
The company submitted its final proposal to design, build, integrate and test the new Air and Missile Defense Radar (AMDR) for the future DDG-51 Flight III class destroyer.
The scalable AMDR S-band radar and radar suite controller will provide significantly increased sensitivity for simultaneous long-range detection and engagement of advanced anti-ship and ballistic missile threats.
"Designed with the sailor in mind, our modular, open hardware and software architectures minimize ship design changes, simplify operations and maintenance and enable capability improvements to accommodate future mission needs," said Carl Bannar, vice president of Integrated Warfare Systems & Sensors at LMT's Mission Systems & Sensors business.
As the leader in tactical, naval S-band radar technology, Lockheed Martin has more than 40 years experience in the design, integration, production, and sustainment of radars for surface combatants, providing a low-risk path to installation on the DDG-51 Flight III.
The company's SPY-1 family of radars, with proven anti-air warfare and ballistic missile defense multi-mission capability, is fielded on more than 100 surface combatants worldwide.
LMT is trading up 0.45% at $89.48 on Tuesday. The stock has been trading between $66.36 and $92.24 for the past 52 weeks.